Newbury Building Society launches retirement interest-only (RIO) mortgage
The new variable mortgage follows the increase of upper age lending limit to 90 years.
Could the Help to Buy Equity Loan scheme help you buy your first home?
Newbury Building Society supports this scheme, the aim of which is to enable buyers to purchase a home of their own at a price they can afford.
On this scheme the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.
For more information on Help to Buy Shared Equity Loans visit the Government's website, read our Mortgage Scheme guide or contact us today.
How we can help if you are looking at a mortgage scheme:
- We are experienced and knowledgable in affordable housing mortgages and mortgage schemes
- We partnered with West Berkshire Council to launch ‘First Step, Next Step’, a way of helping potential buyers raise the deposit required for a mortgage. (Open to people who live or work in West Berkshire.)
- We guarantee that you will always be able to speak to a person, not a computer.
We offer same day appointments in a branch of your choice, Monday to Friday, you can book appointments in advance for Saturdays or we can offer telephone appointments.
